We would like to follow up on our previous blog post published on 5 December 2017 and address potential questions you may have with respect to the recent statement made by the Chairman of the SEC and the press release issued by the SEC on 11 December 2017.
Our position has not changed — we view PAY token holders as potential customers of the services of the TenX platform, which is why it would be great if PAY tokens could be obtained from multiple crypto exchanges and reach more potential customers. At the same time, we would like to clarify that we cannot provide any assurance that PAY tokens have any potential to be listed or traded on any particular crypto exchange or secondary market because the decisions to list, or make available for trading, any digital asset are taken by crypto exchanges and operators of the secondary markets, which are completely independent from TenX. We therefore cannot promise you that the PAY token would increase in value. We also do not take any steps to influence or support any aspects of the trading of the PAY token, such as the timing of any trades of the PAY token, prices of the PAY token or trading volumes of the PAY token on, or the geographic reach of, any crypto exchange or secondary market.
We hope the foregoing clarifies that the PAY token is not intended to constitute a security. We would like to thank you for your continued loyalty and great feedback to date, and we wish everyone a great 2018!
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